Which of the following would NOT cause a real business cycle?
A) a change in technology
B) a change in the composition of the labor force
C) a change in the money supply
D) a sustained change in the price of oil
Correct Answer:
Verified
Q222: The real business cycle theory
A) is an
Q223: Stagflation means a
A) high rate of inflation
Q224: Using a graph, show and explain the
Q225: Describe and explain the policy irrelevance proposition.
Q226: During the 1970s, the shocks to the
Q228: The real business cycle theory
A) indicates that
Q229: According to sticky-price theories,
A) only fiscal policy
Q230: Which of the following holds that business
Q231: Q232: 
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